MoneyLion Inc. (NYSE:ML) Insider Sells $529,202.96 in Stock

MoneyLion Inc. (NYSE:ML) insider Timmie Hong sold 6,094 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $86.84, for a total value of $529,202.96. Following the completion of the transaction, the insider now owns 86,015 shares of the company’s stock, valued at $7,469,542.60. This trade represents a 6.62 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Timmie Hong also recently made the following trade(s):

• On Wednesday, October 16th, Timmie Hong sold 2,504 shares of MoneyLion stock. The stock was sold at an average price of $48.35, for a total value of $121,068.40.

MoneyLion Stock Down 0.1 %

MoneyLion stock opened at $86.75 on Friday. MoneyLion Inc. has a 12 month low of $36.65 and a 12 month high of $106.82. The stock has a market cap of $963.01 million, a P/E ratio of 394.32 and a beta of 3.08. The company’s fifty day simple moving average is $70.54 and its 200-day simple moving average is $62.57.

Analysts Set New Price Targets

ML has been the topic of several analyst reports. Cantor Fitzgerald raised shares of MoneyLion to a “strong-buy” rating in a research report on Thursday, October 3rd. Northland Securities lifted their price objective on shares of MoneyLion from $80.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Northland Capmk upgraded MoneyLion to a “strong-buy” rating in a report on Wednesday, October 16th. Needham & Company LLC reaffirmed a “hold” rating and issued a $100.00 target price on shares of MoneyLion in a research report on Wednesday, December 11th. Finally, Lake Street Capital reissued a “hold” rating and set a $82.00 price target (down from $109.00) on shares of MoneyLion in a research report on Wednesday, December 11th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, MoneyLion has an average rating of “Buy” and a consensus target price of $100.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ML. Marshall Wace LLP raised its stake in shares of MoneyLion by 24.1% during the 2nd quarter. Marshall Wace LLP now owns 240,352 shares of the company’s stock worth $17,675,000 after purchasing an additional 46,611 shares in the last quarter. Driehaus Capital Management LLC increased its holdings in MoneyLion by 77.1% in the second quarter. Driehaus Capital Management LLC now owns 221,488 shares of the company’s stock worth $16,288,000 after buying an additional 96,433 shares during the last quarter. Renaissance Technologies LLC increased its holdings in MoneyLion by 64.2% in the second quarter. Renaissance Technologies LLC now owns 214,129 shares of the company’s stock worth $15,747,000 after buying an additional 83,700 shares during the last quarter. Divisadero Street Capital Management LP bought a new position in MoneyLion during the second quarter valued at approximately $13,427,000. Finally, State Street Corp lifted its stake in MoneyLion by 3.1% in the third quarter. State Street Corp now owns 169,694 shares of the company’s stock valued at $7,051,000 after acquiring an additional 5,108 shares during the last quarter. Hedge funds and other institutional investors own 31.43% of the company’s stock.

MoneyLion Company Profile

MoneyLion Inc, a financial technology company, provides personalized products and financial content for American consumers. The company's platform offers access to banking, borrowing, and investing solutions for customers. Its principal products include RoarMoney, an insured digital demand deposit account; Instacash, a cash advance product that gives customers early access to their recurring income deposits; Credit Builder Plus membership program; MoneyLion Investing, an online investment account that offers access to separately managed accounts invested based on model exchange-traded fund portfolios; Roundups, which provides features designed to encourage customers to establish good saving and investing habits; and MoneyLion Crypto, an online cryptocurrency account.